PIYAZBASHI In the Ordubad Contract Area

• 2 km northeast of Shakardara at an elevation of 2,200 to 2,600 m
• Contains more than 50 steeply-dipping quartz sulphide veins up to 800 m in length over an area of 1.5 km 2
• Significant intercepts
• 560 m x 0.55 m @ 10.12 g/t
• 73 m x 0.45 m @ 15.6 g/t
• Estimated C2+P1 resource on eight of the quartz veins that have been evaluated in greater detail of 890,000 t at 6.6 g/t for a total of 189,000 oz of contained gold.
• The results of the drilling along with admit sampling are broadly in line with the Soviet data.